https://www.taxtmi.com/caselaws?id=251775 The appeal against the denial of Cenvat credit was upheld due to substantial irregularities in the credit availed and lack of evidence of goods receipt and use in the factory. However, the imposition of penalties under the Cenvat Credit Rules and Central Excise Act was set aside as there was no evidence of intent to evade duty and timely rectification was made upon detection of inadmissible credit. The importance of proper documentation for Cenvat credit and the necessity of timely rectification in penalty cases were emphasized in this judgment. en-us Fri, 27 Sep 2013 00:00:00 +0530 Sun, 28 Sep 2014 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251775 The appeal against the denial of Cenvat credit was upheld due to substantial irregularities in the credit availed and lack of evidence of goods receipt and use in the factory. However, the imposition of penalties under the Cenvat Credit Rules and Central Excise Act was set aside as there was no evidence of intent to evade duty and timely rectification was made upon detection of inadmissible credit. The importance of proper documentation for Cenvat credit and the necessity of timely rectification in penalty cases were emphasized in this judgment. Case-Laws Central Excise Fri, 27 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251775